Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

Focus on return on equity, not earnings per share.

The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

The reaction of weak management to weak operations is often weak accounting.

Do what you would do for free, having passion for what you do is the most important thing.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.